M3 Mining Limited has raised $2.25 million to fund ongoing exploration at its Edjudina Gold and Victoria Bore Copper projects, advancing aircore drilling and geophysical reviews in Western Australia.
- Raised $2.25 million through a firm placement at $0.018 per share
- Ongoing geophysical data compilation and aircore drilling planned at Edjudina’s Capitan prospect
- Heritage agreement progressing at Edjudina Gold Project
- Victoria Bore Copper Project exploration activities funded and underway
- Strong shareholder support for recent General Meeting resolutions
Exploration Momentum Builds at Edjudina
M3 Mining Limited (ASX – M3M) is pushing forward with its exploration agenda across its 100% owned Edjudina Gold Project, located approximately 150 kilometres northeast of Kalgoorlie in Western Australia. The company is conducting a comprehensive geophysical compilation review to better understand the resource potential within this historically mineralised region along the Keith-Kilkenny Tectonic Zone, a corridor known for significant gold discoveries.
Following this review, M3 Mining is planning an aircore drilling program targeting the Capitan prospect, identified as a priority area after assessing previous explorers’ data. This systematic approach aims to unlock new zones of gold mineralisation, with further target assessments ongoing across the project area.
Advancing Copper Prospects at Victoria Bore
At the Victoria Bore Copper Project, situated roughly 120 kilometres south of Onslow and 130 kilometres southeast of Exmouth, exploration activities are also gaining traction. The project is centred on the historic Victoria Copper Mine, which produced high-grade copper averaging around 32.7% from near-surface deposits in the 1950s. M3 Mining is leveraging geophysical data to refine exploration targets and plans to continue advancing this sedimentary-hosted copper deposit.
Capital Raising and Corporate Progress
To support these exploration initiatives, M3 Mining successfully raised $2.25 million through a firm placement of 125 million shares at $0.018 each. The placement proceeds will fund the planned aircore drilling, geophysical surveys, and ongoing corporate activities. As of September 30, 2025, the company held approximately $650,000 in cash, with additional funds from the placement expected to bolster its financial position.
The company also reported strong shareholder backing for resolutions passed at its recent General Meeting, reflecting confidence in the Board’s strategic direction. Non-Executive Director Eddie King highlighted this support as a clear endorsement of M3 Mining’s disciplined approach to exploration and value creation.
Looking Ahead
Beyond current projects, M3 Mining is actively evaluating multiple resource acquisition opportunities to expand or diversify its portfolio. Preliminary commercial discussions are underway, signaling potential growth avenues. Meanwhile, heritage agreements at Edjudina continue to progress, ensuring compliance and community engagement as exploration advances.
Bottom Line?
With fresh capital and strategic momentum, M3 Mining is poised to deliver critical exploration results that could reshape its asset base.
Questions in the middle?
- What are the expected timelines and targets for assay results from the upcoming aircore drilling?
- How will M3 Mining prioritize potential acquisitions amid its current exploration focus?
- What progress has been made on the heritage agreement, and could it impact exploration schedules?